AT Think

Minority doctoral students got a boost this past weekend when the KPMG Foundation granted thousands of dollars in scholarships for the upcoming academic year.

IMGCAP(1)]In Fall 2008, I read about AICPA Board Chair Ernie Almonte’s vision for the Leadership Academy with great interest. Fast forward eight months, where I had the opportunity to travel to Chicago and attend the Academy. After three inspiring days of networking and roundtable discussions, it was no surprise to hear Almonte express to the participants of the inaugural Academy that it was the culmination of “a dream come true.”

The House of Representatives has approved executive compensation legislation that would give shareholders a nonbinding vote on the pay packages of senior executives.

The House of Representatives has approved another $2 billion for the “cash for clunkers” program as it unexpectedly came close to running on empty after just a week in service.

Minority accounting doctoral students will gather today and over the weekend in New York City for their annual conference.

The Internal Revenue Service revised the information on its Web site about its voluntary disclosure program this week, but many taxpayers are still afraid to come forward.

Why accounting? If you’re a student deciding if the profession is the right career for you, the American Institute of CPAs would like to influence you a bit with their new and improved Web site, Start Here, Go Places.

Ponzi schemer Bernard Madoff’s wife Ruth found herself on the receiving end of a nearly $45 million lawsuit brought by the trustee appointed to liquidate her husband’s business.

Students are into accounting, apparently. At least, according to a new report by the American Institute of CPAs which reveals those who graduated with accounting degrees in the 2007-2008 school year surpassed the previous year’s record level.

Hip-hop mogul and actor Sean “P Diddy” Combs has reportedly paid off a $7,373 tax lien that the IRS filed against his restaurant in May.